Catenaa, Thursday, August 28, 2025- More than 100 cryptocurrency firms, including Coinbase, Paxos, and Uniswap Labs, urged lawmakers on Wednesday to protect software developers as they finalize market structure legislation.
The coalition, led by the DeFi Education Fund, the Blockchain Association, and the Digital Chamber, warned that support for the bill could falter without explicit safeguards for self-custody and peer-to-peer activity.
The stakeholders sent a letter to Senate Banking and Agriculture committees, emphasizing that developers and non-custodial service providers should not face regulation solely for creating, maintaining, or enabling access to blockchain networks.
The move comes after the House passed the Digital Asset Market Clarity Act, while the Senate is reviewing a discussion draft led by Committee Chair Tim Scott, with a self-imposed Sept. 30 deadline.
Last week, the Justice Department clarified that “writing code” is not a crime, signaling a shift in prosecutorial guidance.
The coalition said this recognition must be codified in legislation to ensure developers can operate without legal risk.
The letter highlights growing tension between crypto advocates and traditional financial regulators, including the Securities Industry and Financial Markets Association, which has urged stricter oversight of tokenized equities. Lawmakers are expected to return to Washington next month to continue negotiations.
